Mitsubishi UFJ Trust & Banking Corp Has $29.46 Million Stock Holdings in WEC Energy Group, Inc. $WEC

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of WEC Energy Group, Inc. (NYSE:WEC) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,378 shares of the utilities provider’s stock after purchasing an additional 8,698 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of WEC Energy Group worth $29,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WEC. Empowered Funds LLC increased its position in WEC Energy Group by 16.9% during the 1st quarter. Empowered Funds LLC now owns 16,698 shares of the utilities provider’s stock worth $1,820,000 after purchasing an additional 2,417 shares in the last quarter. Woodline Partners LP increased its position in WEC Energy Group by 41.3% during the 1st quarter. Woodline Partners LP now owns 26,839 shares of the utilities provider’s stock worth $2,925,000 after purchasing an additional 7,841 shares in the last quarter. Cerity Partners LLC increased its position in WEC Energy Group by 7.3% during the 2nd quarter. Cerity Partners LLC now owns 44,286 shares of the utilities provider’s stock worth $4,616,000 after purchasing an additional 3,006 shares in the last quarter. Qube Research & Technologies Ltd increased its position in WEC Energy Group by 477.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 333,552 shares of the utilities provider’s stock worth $34,756,000 after purchasing an additional 275,786 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in WEC Energy Group by 8.8% during the 2nd quarter. NewEdge Advisors LLC now owns 58,364 shares of the utilities provider’s stock worth $6,082,000 after acquiring an additional 4,730 shares during the last quarter. 77.20% of the stock is currently owned by institutional investors and hedge funds.

WEC Energy Group Trading Down 1.1%

NYSE:WEC opened at $114.50 on Thursday. The firm’s fifty day moving average is $115.58 and its 200-day moving average is $111.97. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.59. WEC Energy Group, Inc. has a 52 week low of $100.61 and a 52 week high of $119.62. The firm has a market cap of $37.29 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.76 and a beta of 0.53.

WEC Energy Group (NYSE:WEC) last released its earnings results on Thursday, February 5th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. WEC Energy Group had a net margin of 15.90% and a return on equity of 12.40%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company earned $1.43 EPS. WEC Energy Group’s quarterly revenue was down 8.8% compared to the same quarter last year. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. Equities analysts expect that WEC Energy Group, Inc. will post 5.6 earnings per share for the current year.

WEC Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 14th will be given a dividend of $0.9525 per share. This represents a $3.81 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 14th. WEC Energy Group’s payout ratio is presently 78.88%.

Insider Activity at WEC Energy Group

In related news, CEO Scott J. Lauber sold 8,089 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $110.70, for a total transaction of $895,452.30. Following the transaction, the chief executive officer owned 66,801 shares in the company, valued at $7,394,870.70. The trade was a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gale E. Klappa sold 25,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $115.44, for a total transaction of $2,886,000.00. Following the transaction, the director owned 276,600 shares in the company, valued at $31,930,704. The trade was a 8.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,354 shares of company stock worth $4,855,505 over the last quarter. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of WEC Energy Group from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Barclays boosted their target price on shares of WEC Energy Group from $111.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price on shares of WEC Energy Group in a report on Tuesday, April 21st. Mizuho boosted their target price on shares of WEC Energy Group from $117.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Bank of America set a $116.00 target price on shares of WEC Energy Group in a report on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEC Energy Group currently has an average rating of “Hold” and a consensus price target of $121.94.

About WEC Energy Group

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.